Wallace Capital Management Inc. Sells 729 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMK)

Wallace Capital Management Inc. trimmed its holdings in shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,806 shares of the technology company’s stock after selling 729 shares during the period. Wallace Capital Management Inc.’s holdings in The Liberty SiriusXM Group were worth $1,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of The Liberty SiriusXM Group by 0.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 46,320 shares of the technology company’s stock worth $1,376,000 after purchasing an additional 421 shares during the last quarter. Atlas Capital Advisors LLC grew its stake in shares of The Liberty SiriusXM Group by 5.2% during the first quarter. Atlas Capital Advisors LLC now owns 8,746 shares of the technology company’s stock worth $260,000 after acquiring an additional 435 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of The Liberty SiriusXM Group by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 68,104 shares of the technology company’s stock worth $1,960,000 after buying an additional 660 shares during the period. Mather Group LLC. grew its holdings in shares of The Liberty SiriusXM Group by 100.5% during the second quarter. Mather Group LLC. now owns 1,674 shares of the technology company’s stock valued at $37,000 after buying an additional 839 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its position in shares of The Liberty SiriusXM Group by 6.6% in the 1st quarter. Rehmann Capital Advisory Group now owns 15,887 shares of the technology company’s stock valued at $472,000 after acquiring an additional 981 shares during the period. Hedge funds and other institutional investors own 56.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. StockNews.com initiated coverage on The Liberty SiriusXM Group in a research report on Friday. They set a “sell” rating for the company. Rosenblatt Securities reduced their price objective on The Liberty SiriusXM Group from $29.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th.

The Liberty SiriusXM Group Price Performance

Shares of NASDAQ LSXMK opened at $22.29 on Monday. The company has a market capitalization of $7.28 billion and a P/E ratio of 9.17. The company has a 50 day simple moving average of $22.42 and a 200-day simple moving average of $23.69. The Liberty SiriusXM Group has a 1 year low of $20.05 and a 1 year high of $31.67.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.60 earnings per share for the quarter. The company had revenue of $2.18 billion for the quarter.

About The Liberty SiriusXM Group

The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States, the United Kingdom, and internationally. It features music, sports, entertainment, comedy, talk, news, traffic, weather channels, podcast, and infotainment services through proprietary satellite radio systems, as well as streamed through SXM App for mobile and home devices, and other consumer electronic equipment.